Global Paints and Coatings Market Overview:
The continuous growth in industrial development, favorable government regulations for environment friendly paints and coatings and increasing global infrastructure will lead to drive the global paints and coatings market. Moreover, since the larger underdeveloped countries are available in the market with lack of construction, thus, the overall paints as well as coatings market will grow at a significant rate in the forecasting years. In addition to this, introduction to automated painting and coating machineries will further fuel the demand for global paints and coatings market. Some of the players profiled in the study are AkzoNobel N.V. (Netherlands), PPG Industries (United States), Axalta Coatings Systems (United States), BASF Coatings GmbH (Germany), The Sherwin-Williams Company (United States), Nippon Paint Holdings Co.Ltd. (Japan), Asian Paints (India), Kansai Paint Co. Ltd. (Japan), Jotun A/S (Norway) and RPM International (United States). According to Market Analyst at AMA, the Global Paints and Coatings market may see a growth rate of 4.19%
On the basis of geography, the market of Paints and Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Water based will boost the Paints and Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Resin, the sub-segment i.e. Acrylic will boost the Paints and Coatings market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Introduction to Durable Coatings with Improved Performance
- Increasing Demand from Number of Industries
- Growing Adoption of Elastomeric Coating in Construction Industry
- Increasing Applications of Fluoropolymer in Building and Construction Industry
- Applying Water-based Coatings as well as Paints is a Time-Consuming Process
- Comparative Excessive Distribution Overheads for Coil Coatings
- Attractive Prospectus of Powder Coatings leading to Create Number of Opportunities in Global Paints and Coatings Market
- Increasing Number of Nuclear Families across the Globe
- Stringent Environmental Regulations for Minimizing Pollution across the Globe
- Availability of Cheaper Substitutes in both Paints and Coats
- Atmospheric Challenges in Applying Coats and Paints
Key Market Developments:
On January 7th, 2019, PPG has announced that it has reached an agreement to acquire automotive coatings manufacturer Hemmelrath. The transaction is expected to close in the first half of 2019, subject to customary closing conditions. Financial terms were not yet disclosed.
According to the United States Government regulations for chemical products such as paints and coats which are sold or consumed by consumers, “Certain labeling information is required under the Fair Packaging and Labeling Act (FPLA), the Federal Hazardous Substances Act (FHSA), and the Consumer Product Safety Act (CPSA). The definitions may differ from those provided under the HCS, which relate to industrial purpose paints and coatings. These regulations are applied for consumer products containing certain hazardous substances, toxic, corrosive, irritant, and extremely flammable Paints and Coats.
Paints and Coatings Manufacturers, Paint and Coating Distributors, Traders and other Stakeholders, Major End-Users of Paints and Coatings, Industry Associations related to Paints and Coatings, Government Bodies including Policy Makers and Regulating Authorities, Market Research and Consulting Firms and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Paints and Coatings market on the basis of product  , application [Architectural, Protective and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Paints and Coatings market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Paints and Coatings industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Hempel A/S (Denmark), Behr Process Corp. (United States), Benjamin Moore & Co. (United States) and Ennis-Flint (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Paints and Coatings market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.